Gazprom

Gazprom was founded in 1989 when the Soviet Ministry of Gas Industry was reorganized into a state corporation, becoming Russia's primary natural gas producer and exporter after the USSR dissolved in 1991.

The company controls roughly 16% of global natural gas reserves and once supplied about 35% of Europe's total gas consumption through its extensive pipeline network.

Headquartered in Saint Petersburg, Russia, Gazprom trades on the Moscow Exchange under ticker GAZP and holds ADRs in London.

Gazprom History

• 1989
  The Soviet Council of Ministers converts the Ministry of Gas Industry into Gazprom, creating the world's largest natural gas company.
• 1993
  Gazprom restructures as an open joint-stock company following the dissolution of the USSR, with the Russian government retaining a controlling stake.
• 2005
  Gazprom briefly becomes the world's third-largest company by market cap, surpassing $300 billion, on soaring energy prices and strong European gas supply contracts.
• 2006
  Gazprom cuts gas supplies to Ukraine in a pricing dispute, marking the first major use of energy supply as a geopolitical instrument in post-Soviet Europe.
• 2022
  Russia's invasion of Ukraine triggers sweeping Western sanctions, and Gazprom halts most gas deliveries to Europe, collapsing its revenues and market cap sharply.

FAQs

• Who owns Gazprom?

  The Russian federal government owns approximately 50.2% of Gazprom through direct and indirect holdings. The remaining shares are held by institutional and retail investors, including Rosneftegaz and other state-affiliated entities. It is majority state-controlled.
• Is Gazprom an American company?

  No. Gazprom is a Russian state-controlled energy company headquartered in Saint Petersburg, Russia. It was created from the Soviet Ministry of Gas Industry in 1989 and has no American ownership or operational base.
• When did Gazprom come out?

  Gazprom was established on August 8, 1989, by the Soviet Council of Ministers. It restructured as a joint-stock company in 1993 and listed on the Moscow Exchange. ADRs were available on the London Stock Exchange from 1996.
• Who made the Gazprom logo?

  Gazprom's blue flame logo was developed internally following the company's incorporation in the early 1990s. The stylized blue "G" with a flame element has been updated periodically but retains the same core visual identity used since its early branding.